Baird Financial Group Inc. Sells 45,890 Shares of First Trust Low Duration Opportunities ETF $LMBS

Baird Financial Group Inc. trimmed its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 8.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 469,054 shares of the company’s stock after selling 45,890 shares during the quarter. Baird Financial Group Inc. owned 0.37% of First Trust Low Duration Opportunities ETF worth $23,350,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HighTower Advisors LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 95.3% in the 4th quarter. HighTower Advisors LLC now owns 1,454,146 shares of the company’s stock valued at $72,693,000 after buying an additional 709,693 shares in the last quarter. Jane Street Group LLC acquired a new position in First Trust Low Duration Opportunities ETF in the fourth quarter valued at about $33,401,000. Axxcess Wealth Management LLC grew its stake in First Trust Low Duration Opportunities ETF by 1,602.6% in the fourth quarter. Axxcess Wealth Management LLC now owns 415,932 shares of the company’s stock valued at $20,792,000 after acquiring an additional 391,503 shares during the period. Royal Bank of Canada grew its stake in First Trust Low Duration Opportunities ETF by 13.0% in the first quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock valued at $161,527,000 after acquiring an additional 372,725 shares during the period. Finally, Morgan Stanley increased its holdings in shares of First Trust Low Duration Opportunities ETF by 2.5% in the fourth quarter. Morgan Stanley now owns 14,150,597 shares of the company’s stock worth $707,388,000 after acquiring an additional 338,741 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.1%

NASDAQ LMBS opened at $49.16 on Friday. The stock’s 50-day moving average is $49.57 and its 200-day moving average is $49.80. First Trust Low Duration Opportunities ETF has a one year low of $47.87 and a one year high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were paid a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Friday, August 21st.

About First Trust Low Duration Opportunities ETF

The First Trust Low Duration Opportunities ETF (LMBS) is an exchange-traded fund that is based on the Bloomberg U.S. MBS index. The fund is an actively managed fund that invests in a variety of mortgage-backed securities with target duration of less than 3 years. LMBS was launched on Nov 4, 2014 and is managed by First Trust.